Oil Falls Below $57 On Coronavirus Hit To Demand, Opec+ Delay

Oil fell to below $57 a barrel on Tuesday, pressured by concerns over the impact of the coronavirus outbreak in China on oil demand and a lack of any further action by OPEC and its allies to support the market.

Topics:  china   opec   oil   coronavirus   demand   
BING NEWS:
  • What goes into OPEC’s decision-making?
    OPEC+ members will decide whether to continue voluntarily cutting production by about 2 million barrels per day.
    05/31/2024 - 11:32 am | View Link
  • OPEC Remains Optimistic About Global Oil Demand
    OPEC estimates that global oil demand rose by 2.4 million bpd in the first quarter of 2024. For the full year, total world oil demand is anticipated to reach 104.5 million bpd, driven by “strong air ...
    05/27/2024 - 6:30 am | View Link
  • Opec-Plus Likely to Roll Over Cuts Amid Uncertainty
    Expectations are building that Opec-plus will roll over its existing output cuts when it meets in early June due to uncertainty over oil demand.
    05/23/2024 - 8:43 am | View Link
  • Oil prices settle up on demand optimism, US inflation in focus
    NEW YORK, May 13 (Reuters) - Oil prices rose on Monday, as signs of improving demand in the U.S. and China ... supply cuts into the second half. No. 2 OPEC producer Iraq is committed to oil ...
    05/13/2024 - 8:24 am | View Link
  • What’s So Bad About Fixing Oil Prices?
    The Federal Trade Commission accused former Pioneer Natural Resources Chief Executive Scott Sheffield earlier this month of colluding with the Organization of the Petroleum Exporting Countries ...
    05/12/2024 - 1:01 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News